IPO

Upstart Holdings, an AI-driven lending platform, launched its IPO at $20.00 per share on the NASDAQ at an approximate valuation of $1.5B. On the first day of trading, Upstart’s stock increased by 47% from the IPO price to $29.47 per share. [more]

ContextLogic, the parent company of Wish, a global ecommerce platform, recently opened on the NASDAQ at $22.76 per share, 5% below its IPO price. Wish’s IPO was priced at $24.00 per share, which provided gross proceeds of $1.1B at an approximate valuation of $17B. [more]

This week, Airbnb, a U.S. technology company with a home rental platform, IPO’d on the NASDAQ under the ticker “ABNB”. Airbnb recently raised its IPO offering price to $68 per share, valuing Airbnb as much as $50 billion. [more]

C3.ai, a U.S. enterprise AI software provider, listed on the NYSE under the ticker “AI”. C3.ai raised proceeds of over $650M with an approximate valuation of $4B. [more]

Lordstown Motors, an EV start-up based in the U.S., listed publicly on the NASDAQ through a merger with DiamondPeak. Lordstown’s stock has increased by 39% since it started trading publicly last month. [more]

In August, Duck Creek listed publicly on the NASDAQ, raising $405M after pricing its IPO at $27 per share. At the close of its first trading day, DCT’s stock reached $40 per share, a 48% increase from the listing price. [more]

Last week, PubMatic, a U.S. technology company that operates a cloud-driven advertisement platform, announced plans to IPO on the NASDAQ stock market. PubMatic’s platform leverages artificial intelligence and machine learning to enable real-time optimization of ad transactions. [more]

Last week, DoorDash, a U.S. food delivery company, filed its Form S-1 Prospectus with plans fora NYSE listing under the ticker “DASH”. Earlier this year, DoorDash raised $400 million, on a $16B valuation. [more]